Peer review deficiencies commonly relate to the design, documentation, and evaluation of the results of analytical procedures. This course will provide examples of how to strengthen evidence resulting from preliminary, substantive, and final analytics. It will reinforce the elements of strong analytical procedures that may enhance the quality of audits.
Learning Objectives
Recall how analytic procedures can enhance audit quality Explain elements of strong analytic procedures that can eliminate or mitigate the need for extensive tests of details Describe tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
Major Topics
How well-designed analytic procedures enhance audit quality Elements of strong analytic procedures Selecting the proper analytic, and altering the strength for the intended purpose Evaluating the data used in generating expectations Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
